Friday, October 21, 2011

US Misery Index at 28 year high!

An unofficial gauge of human misery in the United States rose last month to a 28-year high as Americans struggled with rising inflation and high unemployment.
The misery index — which is simply the sum of the country's inflation and unemployment rates — rose to 13.0, pushed up by higher price data the government reported.

The data underscores the extent that Americans continue to suffer even two years after a deep recession ended, with a weak economic recovery imperiling President Barack Obama's hopes of winning re-election next year.
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Editor's Note: Misery Index Breaching New Highs:
Under Obama’s watch, the Economic Misery Index is reaching levels not seen since Carter. Are we approaching a second Great Depression? This Video Tells All. Click Here to Watch.

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Read more: US 'Misery Index' Soars to Highest Since 1983 on Inflation, High Unemployment
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